Depop is a peer-to-peer social marketplace for fashion resale, aimed at Gen Z and Millennial buyers and sellers. Founded in 2011 by Simon Beckerman at Italian incubator H-Farm and headquartered in London, it blends Instagram-style social discovery with transactions in secondhand, vintage and independent fashion. Depop reported roughly $1 billion in gross merchandise sales in 2025, about 7 million active buyers (nearly 90% under 34) and over 3 million active sellers. Etsy acquired Depop in July 2021 for $1.625 billion and sold it to eBay on July 30, 2026 for about $1.4 billion in cash.
Depop has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2011
Employees
201–500
Total Funding
$105.25M
5 rounds
Latest Valuation
$1.6B
eBay cut ~800 jobs (6% of workforce) in restructuring following the Depop acquisition close.
Parent-level cost cuts post-close, not Depop-specific headcount action.
eBay completed its purchase of Depop from Etsy for ~$1.4B cash: the $1.2B price plus $200M of net adjustments and interest.
Change of control closed; Depop is now an eBay subsidiary, keeping its brand and CEO Peter Semple.
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $105.25M across 5 rounds
Last updated 09-29-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Jun 6, 2019 | Series C TechCrunch | $62M | — | General Atlantic |
| Jan 23, 2018 | Series B | $20M | — | Octopus Ventures |
| Sep 19, 2016 | Series A extension | $8.25M | — | Creandum |
Peter Semple
Chief Executive Officer
Simon Beckerman
Founder
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Vinted
European-headquartered C2C secondhand fashion marketplace and one of Depop's largest peer-to-peer rivals across Europe and the U.S.
Poshmark
U.S.-based social commerce marketplace for new and secondhand fashion, owned by Naver; a primary competitor in North American resale.
ThredUp
Managed-marketplace consignment platform for secondhand apparel; public competitor in U.S. resale.
The RealReal
Authenticated luxury consignment marketplace focused on higher-end secondhand fashion and accessories.
Mercari
Japan-founded peer-to-peer marketplace for general goods including fashion, competing with Depop in the U.S. and globally.
Grailed
Men's and curated streetwear/designer-focused peer-to-peer resale marketplace; owned by GOAT Group.
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